#EurUsd in search fo...từ Ghulam Ali

#EurUsd in search for next support After reaching the important 1.05 support last week, EurUsd corrected to the upside. However, this correction was short-lived and, after touching 1.0620 resistance, the pair started to fall again. Yesterday we also had a drop under 1.05 and at this moment EurUsd is trading at 1.0466. The trend remains strongly bearish and the road is clear to 1.0360 next support. As long as the pair is trading under 1.06, sell rallies should be the strategy

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Ghulam Ali

#Dxy looks tired I've been bullish DXY since the end of July after we had the confirmation that the break down was a false one and indicated the 105.50 zone as the potential target in the medium term. The target was hit last week and now the index is consolidating and a correction could follow. However, the trend remains up and a new spike above the recent high is possible. Confirmation for a drop comes with a break under the rising wedge support in which case 104.50 could be bears' target.

Ghulam Ali